Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares shot up 5.4% during mid-day trading on Wednesday . The company traded as high as $27.49 and last traded at $27.07. 3,470,444 shares were traded during trading, a decline of 66% from the average session volume of 10,336,064 shares. The stock had previously closed at $25.67.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on NBIS. DA Davidson began coverage on shares of Nebius Group in a report on Tuesday, February 25th. They set a "buy" rating and a $50.00 price objective for the company. BWS Financial reissued a "buy" rating and issued a $60.00 target price on shares of Nebius Group in a report on Tuesday, March 4th.
Read Our Latest Stock Report on Nebius Group
Nebius Group Price Performance
The company has a market cap of $6.35 billion, a P/E ratio of -47.33 and a beta of 2.47. The stock has a 50-day simple moving average of $34.32.
Institutional Trading of Nebius Group
An institutional investor recently bought a new position in Nebius Group stock. Centaurus Financial Inc. acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 343,130 shares of the company's stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned approximately 0.15% of Nebius Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 21.90% of the company's stock.
Nebius Group Company Profile
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Get Free Report)
Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company's services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.
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